Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
April 25th, 2017
Benefits & Administration
Moving From a Wellness Program to a Well-Being Program
“Most companies probably have used wellness and well-being interchangeably,” noted Barry Pailet, vice president, products, at Preventure, during a webcast. But, he explained that wellness is associated with health and disease prevention, while well-being is associated more with happiness. “Well-being tells us people perceive their life as going well,” he said. Pailet and a colleague discussed elements of a well-being program and how employers can make their well-being program a part of corporate culture and strategy.Read more >
From the Magazine
Leveraging Open Enrollment
Firmenich Inc. includes retirement plan education and enrollment opportunities during its benefits open enrollment season, with much success.Read more >
The Growing Interest in Guaranteed Income Options
2021 Recordkeeping Survey
TRIVIAL PURSUITS: Meaning and Origin of the Idiom “Watershed Moment?”
TRIVIAL PURSUITS: How Many States Are in More Than One Time Zone?
TRIVIAL PURSUITS: What do the M’s stand for in M&Ms?
Products, Deals and People
Neuberger Berman Offers Framework for SRI Investing
In “A Socially Responsive Investing Framework for Retirement Plan Fiduciaries” Neuberger Berman says plan sponsors considering incorporating Socially Responsive Investing (SRI) strategies into their retirement plan’s investment objectives, may want to begin by discussing some questions with their financial adviser or consultant and their plan committee (or other investment fiduciaries).Read more >
Market Mirror

Yesterday, the Dow was up 216.13 points (1.05%) at 20,763.89, the NASDAQ gained 73.30 points (1.24%) to finish at 5,983.82, and the S&P 500 closed 25.46 points (1.08%) higher at 2,374.15. The Russell 2000 climbed 33.38 points (2.45%) to 1,397.94, and the Wilshire 5000 increased 262.38 points (1.07%) to 24,782.33.

On the NYSE, 3.1 billion shares changed hands, and on the NASDAQ, nearly 3.0 billion shares traded, with advancing issues outnumbering declining issues more than 2 to 1 on both exchanges.

The price of the 10-year Treasury note decreased 13/32, bringing its yield up to 2.293%. The price of the 30-year Treasury bond fell 21/32, increasing its yield to 2.939%.
Retirement Industry and Congress Talk Retirement Tax Reform
President Trump has pledged to introduce his tax reform proposals on or around April 26, adding to speculation about how tax-deferred retirement assets may be treated.Read more >
DOL Investigation Results in Plan Restorations
The Department of Labor (DOL) has collected more than $41,000 for participants of the St. Paul, Minnesota, based Weinhagen Tire Co. Inc. 401(k) Plan. According to a consent order and judgement obtained in the U.S. District Court for the District of Minnesota, an investigation by the Department of Labor’s Employee Benefits Security Administration found from at least February 1, 2010, to May 27, 2015, plan fiduciaries withheld $35,363 from employee’s pay for voluntary contributions to the plan and retained approximately $29,058 of those contributions in its corporate bank account and used them for general operating expenses.Read more >
Small Talk
ON THIS DATE: In 1684, a patent was granted for the thimble. In 1846, the Mexican-American War ignited as a result of disputes over claims to Texas boundaries. In 1859, work began on the Suez Canal in Egypt. In 1898, the U.S. declared war on Spain. Spain had declared war on the U.S. the day before. In 1901, New York became the first state to require license plates for cars. The fee was $1. In 1945, delegates from about 50 countries met in San Francisco to organize the United Nations. In 1953, Dr. James D. Watson and Dr. Francis H.C. Crick suggested the double helix structure of DNA. In 1954, the prototype manufacture of the first solar battery was announced by the Bell Laboratories in New York City. In 1959, St. Lawrence Seaway opened to shipping. The water way connects the Great Lakes and the Atlantic Ocean. In 1980, in Iran, a commando mission to rescue hostages was aborted after mechanical problems disabled three of the eight helicopters involved. During the evacuation, a helicopter and a transport plane collided and exploded. Eight U.S. servicemen were killed. The mission was aimed at freeing American hostages that had been taken at the U.S. embassy in Tehran on November 4, 1979. The event took place April 24, Washington, D.C., time. In 1990, the U.S. Hubble Space Telescope was placed into Earth’s orbit. It was released by the space shuttle Discovery.
TRIVIAL PURSUITS: From what were the shoes Dorothy wore in the book “The Wonderful Wizard of Oz” made?Read more >
Share the news with a friend! Pass the NewsDash along—and tell your friends/associates they can sign up for their own copy.Read more >

Editorial: Alison Cooke Mintzer


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